CAclubindia News

Taxpayers Get 31st Dec Deadline: Undisclosed Property, Bank Deposits Under Scanner

19 December 2025 at 07:01

Income Tax Dept detects large-scale under-reporting of property and cooperative bank transactions under SFT. Taxpayers get time till December 31 to file corrected returns.

Posted in Income Tax | 1335 Views

Lok Sabha Passes Insurance Law Amendment Bill 2025

19 December 2025 at 07:01

Lok Sabha passes Insurance Law Amendment Bill 2025 allowing 100% FDI in insurance, strengthening IRDAI powers, boosting competition, capital inflows and policyholder protection.

Posted in Corporate Law | 243 Views

No New GoM on GST Revenue Losses Yet, Says FM Sitharaman

18 December 2025 at 06:55

No new GoM planned on GST revenue losses as Centre admits rate rationalisation may leave states with Rs 47,700 crore net shortfall.

Posted in GST | 1290 Views

GST Rate on Apparel Rationalised; 18% Tax for Garments Above Rs 2500

18 December 2025 at 06:54

GST on readymade garments priced above Rs 2500 has been increased to 18% from September 22, 2025, while items up to Rs 2500 now attract 5%, the government told Lok Sabha.

Posted in GST | 246 Views

GST Fraud: Four Arrested for Rs 37.87 Crore Tax Evasion Using Fake Firms

18 December 2025 at 06:54

Kanpur police and State Tax department arrest four for Rs 37.87 crore GST evasion involving fake firms and bogus sales exceeding Rs 210 crore.

Posted in GST | 507 Views

GST Automation Playing Key Role in Tackling Tax Evasion: Finance Ministry

18 December 2025 at 06:54

GST automation, e-invoicing and AI tools have reduced tax evasion, improved revenue buoyancy and boosted investor confidence, the government told Lok Sabha.

Posted in GST | 1368 Views

Fake GST Registrations Led to Rs 31,000 Crore Tax Evasion, Govt Tells Lok Sabha

18 December 2025 at 06:54

More than 10,000 fraudulent GST registrations using forged PAN and Aadhaar detected in last 2.5 years, involving Rs 31,000+ crore tax evasion, govt tells Lok Sabha.

Posted in GST | 1449 Views

ICAI Releases Updated UDIN Portal Manual: New Features for GST, Tax Audit & Certificates

17 December 2025 at 09:28

ICAI has released the updated UDIN Portal Manual (Version 1.2) with key changes in UDIN generation, PAN validation, bulk UDIN, grievance redressal and real-time verification. Know what's new.

Posted in Income Tax | 6513 Views

Income Tax Department Warns Taxpayers Against Fake Refund Messages and Scam Links

17 December 2025 at 07:09

The Income Tax Department cautions taxpayers against fake refund messages and malicious links, advising citizens to rely only on official e-filing portals and authenticated communication channels to avoid online scams.

Posted in Income Tax | 1125 Views

Over 7.28 Crore MSMEs Registered on Udyam Portal as Govt Pushes Ease of Doing Business

17 December 2025 at 07:08

The Government reiterates its commitment to MSME growth with over 7.28 crore enterprises registered on the Udyam Portal, including 2.86 crore women-led MSMEs, backed by digitisation, single-window clearances, and Ease of Doing Business reforms.

Posted in Corporate Law | 204 Views